Dec 26, 2012 7:00pm EST
to democrats in the senate, white house, it is your turn now. we acted to put off the fiscal cliff several months ago with a bill that without objection tend all of those bush tax rates into the future and would turn off the sequester by switching defense cuts over to domestic programs. democrats, of course have no intention of doing that. especially after president obama won the election. senate democratic leadership aide tells me that will remains a 50/50 chance we will get a mini deal temporary extension of tax cuts under $250,000 before the january 1 deadline when we would go over the cliff. will are no assurances of that. a white house official told me as president obama prepares to fly back to conduct and participate in the negotiations at the end, there has been no progress over the holiday weekend. michelle, i'm afraid that people who are looking for a deal and looking for a deal by december 31, all hope is not lost. it is not looking good at the moment. >> let's go back to this hitting the debt ceiling on monday. we learned of this because treasury secretary tim good night mother sent a letter to the honorable harry reid majority leader. and that's where he outline it is fact that in three business days, the summit government is going t
Dec 28, 2012 7:00pm EST
something to happen on the fiscal cliff and the one thing they don't want to include is an inclusion of the debt ceiling, an extension of the debt ceiling because come next year, early next year when we hit that debt limit again, they want to have spending cuts included with the debt limit negotiations and that's where the spending cuts i predict will happen during the debt limit and not the fiscal cliff. >> what's it going to look like when we have this fight about the debt ceiling. >> robert just said that the one thing that has been brought up is the debt ceiling as part of the negotiation and the other thing that they've mentioned are the spending cuts and he'll make an offer to put those on the table and part of that is that these are not popular right now and we could have an intellectual exercise about whether they should be, about whether it's proper or not, but the political reality is barack obama just wants to campaign and the liberals did very well. ? they didn't win the house. >> what's that? >> they didn't win the house. >> you're absolutely right. you're absolutely right.